Food Certification Market Growth Opportunities by 2025
by Mit K. SEOThe Food
Certification Market is estimated to account for USD 4.7 billion in
2020 and is projected to reach a value of USD 6.2 billion, with a CAGR of 5.4%
for the forecast period 2020-2025. Factors such as the rise in demand for
unadulterated products, concern for food safety, stringent regulations and laws
for food products, increase in the adoption of organic products, and the
mandate to meet the export standards with increased global food trade is
projected to drive the growth of the food certification market.
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The ISO
22000 segment is projected to be the largest segment in the food certification
market during the forecast period.
ISO 22000 quality certification can be applied
to any organization in the food chain, from packaging manufacturers to the
actual food processing facilities. It is one of the most important food safety
certifications concerning the food safety hazards in the food & beverage
industry. ISO 22000 certification assures consumers that the business they are
buying from is working with suppliers who conform to international safety,
quality, and reliability standards.
The meat,
poultry & sea-food segment is estimated to account for the largest market
share, in terms of value, in 2020.
Meat, poultry & sea-food is majorly consumed
in almost all the countries. Meat is highly likely to support the growth of
bacteria and is prone to microbial contamination. The incidences of meat fraud
are rising due to the increasing demand for processed meat products. Also,
religious concerns among consumers, particularly Islamic and Jewish
populations, are projected to drive the demand for Halal and kosher
certification for meat and meat products. Therefore, meat, poultry &
sea-food segment will continue to have huge demand for food certification.
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The
High-risk segment is projected to witness the fastest growth in the food
certification market, 2020 to 2025.
Foods like raw and cooked meat, including
poultry, such as chicken and turkey, dairy products, egg and egg products,
seafood, and ready-to-eat foods are more vulnerable to bacterial growth, hence
there is more risk of consuming them. Therefore, the demand for safety testing
and certification of high-risk foods is projected to rise with the increase in
instances of foodborne diseases.
North America is projected to grow at the
highest CAGR during the forecast period.
The market for food certification in the North
America region is projected to grow at the highest CAGR from 2020 to 2025.
Regions like US, Canada are one of the major consumers of processed food &
beverages and high-risk foods, which eventually creates more concern for food
safety. Therefore, the growth in such regions is mainly due to the increase in
foodborne illness among consumers and the stringent regulations imposed by the
government pertinent to food safety standards.
Leading companies are SGS (Switzerland), DNV
(Norway), Lloyd’s Register (UK), Bureau Veritas (France), Control Union
Certifications (Netherlands), Intertek (UK), Eurofins (Luxembourg), TÜV SÜD
(Germany), AsureQuality (New Zealand), DEKRA (Germany), Kiwa Sverige (Sweden),
ALS (Australia), NSF International (US), Aspirata (South Africa), International
Certification Ltd (New Zealand), Control Union Certifications (Netherlands),
Indocert (India), TQ Cert (India), Eurofins (Luxeumbourg), Socotec (France) and
MS Certification Services (India).
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Created on May 17th 2021 08:24. Viewed 179 times.